Bitcoin Price Rally Collapse Wipes Out $295M in Long Positions

Bitcoin erased its 24-hour gains after peaking at $82,281, plunging below $78,700 before stabilizing near $79,500. Its market cap fell from $1.62 trillion to $1.57 trillion. Market Reversal Erases Gains Bitcoin erased nearly all its recent gains Friday in a sharp sell-off, sparked by stronger-than-expected U.S. jobs data that experts warn diminishes the odds of […]